Initial public offer of the world’s biggest oil company

Aramco, the Saudi Arabian Oil Company, is the biggest oil company in the world. It has consulted to be in the world’s most international exchange, the Singapore Exchange.

The planned listing next year of up to 5 percent of Aramco is expected to be the world’s biggest initial public offer (IPO).

Saudi Arabia plans to sell up to 49 percent of its oil giant Saudi Aramco within 10 years.

It seems that Malik Salman intends to persuade East Asian countries to invest in the project and to buy Aramco IPO shares by his recent visit to the region. He also pave the barriers for offering the country’s shares on the Singapore Exchange.

It’s worth mentioning that Singapore Exchange is among the world’s largest exchanges.